Maintaining proper corporate formalities and record-keeping practices is crucial for a company’s good governance and legal compliance. Failure to maintain corporate formalities can remove the liability protection provided by a corporate entity, and failure to maintain corporate books and records can make any number of activities more difficult, from day to day operations, to fundraising …

Corporate Formalities and Meetings 101, Part 1 Read More »

As exciting as receiving equity in a growing startup can be, without advanced planning, that equity can carry with it some severe tax consequences. An 83(b) election is a tool that new stockholders who are subject to vesting can use to mitigate the tax burden that otherwise comes with the vesting of their shares. Granting …

What is an 83(b) election? And what does it have to do with restricted stock? Read More »

As of September 25, 2023, SAG-AFTRA’s members voted 98.32% in favor of a strike authorization on the Interactive Media Agreement which covers the union’s work on video games. The industry bargaining group representing signatory game companies to the Interactive Media Agreement consists of the following companies: Activision Productions Inc., Blindlight LLC, Disney Character Voices Inc., …

SAG-AFTRA 2023 Strike Update Read More »

Many companies find themselves, at some point, needing to part ways with a valued team member as part of a merger with or acquisition by another company. In these kinds of situations, the company being acquired often wants to reward the old employee for their services or offer them a softer landing while they seek …

What is 280G? Read More »